3520 W Florence Avenue, Los Angeles CA, 90043
(Active)
$1,995,000
|
|
MLS# SB24026450
Last Updated: 4/29/2024 1:52 AM
Description for
3520 W Florence Avenue
Los Angeles, CA 90043
Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity.With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership.Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked
Price
$1,995,000
Los Angeles
SB24026450
Active
Description
Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity.With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership.Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked
Listing Information
| Property Type: Land, Other | ||
| 0.25 Acres | Assessor | |
Public
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAR3
0-1 Unit/Acre
Driving Directions
Off Florence and Crenshaw
Financial Considerations
| 4012029029 |
Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,956,168.
The median household income in Los Angeles, California 90043 is $57,043. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90043 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/6/2024 | Active | $1,995,000 USD 94.44% |
|
| 12/6/2021 | Sold | $1,026,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $13,156 USD | 4.74% | $1,046,520 USD | 2.00% |
| 2022 | $12,561 USD | 791.05% | $1,026,000 USD | 1,362.54% |
| 2021 | $1,410 USD | -0.42% | $70,152 USD | - |
| 2020 | $1,416 USD | 2.46% | $70,152 USD | 1.03% |
| 2019 | $1,382 USD | 11.72% | $69,434 USD | 2.00% |